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7.16 Jinglu Morning Brief
After ETH surged early and tested the 1946.75 peak, upside momentum gradually faded. Prices failed to keep pushing to new highs, and subsequently shifted into range-bound consolidation. The slight rebound in the short term is only a relief rally and repair; the prior high area overhead faces strong resistance. The bulls’ continued push has lacked strength, rebound space is increasingly constrained, and profit-taking needs exist at high levels. For the outlook going forward, we still remain bearish.
Trading advice
Short 1940-1960
Target range 1800-1750$ETH #USDT充值理财双重奏 #美军结束对伊朗新一轮打击 #PreIPOs第二期OpenAI认购